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20121129
20121207
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Search Results 0 to 24 of about 25 (some duplicates have been removed)
FOX Business
Dec 6, 2012 1:00pm EST
it will not happen, no vote today on the debt ceiling, fiscal cliff proposal to basically the breaking news is we're back where we started. melissa: what is the hottest stock on wall street these days. trading under. the bidding war for my favorite bank analyst. i love dick bove. speaker he is in purgatory. a billion dollars unauthorized trade was described as a rogue trader. presumption of innocence, he was arrested earlier in the week. take the firm, the firm has been closed down since then. dick bove has been in purgatory. sources are telling us bove reseed essentially 17 offers to join him, he is now down to five, he has contracted form in five firms. he believes he'll be making the decision on which of these five firms he will go to in the coming days. he says he is close to a deal to revitalize the firm, said he would stay with rockdale. if i tell you this. said he is t has to make up itsd soon, did not say which way he was going. my gut talking to people what he is probably going to leave. who are they? these are midsize firms who basically know he is a well-known analyst. he opened stores
CNBC
Dec 5, 2012 1:00pm EST
of the fiscal cliff stuff. do we raise the retirement age to ease our debt? >>> treasury secretary tim geithner will speak later to steve leisman about the fiscal cliff talks. we'll have a preview and discuss what traders want to hear. wooohooo....hahaahahaha! oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are happy. how happy are they jimmy? happier than a witch in a broom factory. get happy. get geico. fifteen minutes could save you fifteen percent or more. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in retirement planning. the heart of 10,000 advisors working with you one-to-one. together for your future. ♪ >>> goldman sachs earlier today cutting its outlook for gold and prices are closing right now. we have about a $2 loss in the gold market. sharon epperson is
CNN
Dec 6, 2012 8:00am PST
the national debt and avoid the fiscal cliff. that's coming up in just a little bit. >>> we also can't leave seattle without taking note of another huge milestone in washington state. voters legalized same-sex marriage last month too so today here's the picture. midnight on the dot clerks handed out marriage licenses and those were the first two in line. they met on a blind date back in 1977 and they never thought that they would live to legally wed amongst all of these other people who showed up for their legal licenses in seattle. by the way, the ceremony of those elderly ladies like many others will take place this sunday. ♪ [ male announcer ] shift the balance of power decisively in your favor. the exclusive eight-speed transmission and rotary shifter in the new 2013 ram 1500. engineered to move heaven and earth. guts. glory. ram. yeah we both relieve coughs, sneezing, aches, fevers. and i relieve nasal congestion. overachiever. [ female announcer ] tylenol® cold multi-symptom nighttime relieves nasal congestion. nyquil® cold and flu doesn't. [ female announcer ] holiday cookies are
CNBC
Dec 4, 2012 4:00pm EST
is reducing its exposure to muni debt. why? is this a reaction to the fiscal cliff? >> well, we started reducing our municipal debt a couple years ago when the recession was on and state governments were having a hard time. we just had too much. we had about $26 billion. now we're down to 13. i feel good at where we're at. we reduced it for four reasons. if you're loaning somebody money, right, you want to make sure they got income to pay you. you want to make sure they got decent balance sheet. you got to like the management team. you got to like governance. in many of these states, we didn't like all four of them. we thought they didn't have any money, weren't generating enough tax rev news, their governance was terrible. so we said, you know, we're just going to get smaller. >> hurricane sandy, big hit? >> $1.75 billion. about a quarter worth of earnings for us. i toured the damage yesterday. all the devastation you'd expect. i saw all the places. the interesting thing was what you don't see in those tapes are the american resilience. people pick themselves up and get going again. th
ABC
Dec 4, 2012 5:30pm PST
insistence that key to the u.s. beginning to pay down its debt and avoid going over the fiscal cliff is raising tax rates on the wealthiest americans. >> we're going to have to see the rates on the top 2% go up, and we're not going to be able to get a deal without it. >> reporter: if republicans agree to do that, the president told bloomberg television, he'll agree to serious spending cuts. republicans have offered to raise taxes on higher incomes by $800 billion, not by raising tax rates, but by eliminating some deductions and loopholes. during last year's budget showdown, the president said he wanted to do exactly that. >> what we said was give us $1.2 trillion in additional revenues, which could be accomplished without hiking tax rates, but could simply be accomplished by eliminating loopholes, eliminating some deductions and engaging in a tax reform process that could have lowered rates generally while broadening the base. >> reporter: but now the president does not. he says it will not raise enough revenue. >> it's not me being stubborn. it's not me being partisan. it's just a m
CNBC
Nov 30, 2012 7:00pm EST
. >> and don luskin, is it better to own bonds during this fiscal cliff tiff? >> yes, december is the time to be risk off folks. the market's in complete denial. total complacency. the fiscal cliff will create a crisis like the debt ceiling negotiation did that led to the bottom 16 months ago. going to be another buying opportunity. but stocks will be significantly lower. by the way that's what creates buying opportunities. but face it it's going to happen. >> jim la camp, will the stock market vigilantes be necessary to get an agreement in washington? >> i think we're going to see more volatility. >> don and jim, thanks very much. >>> up next why the biggest headache right now for a baseball general manager might just be taxes and the fiscal cliff. don't tell me taxes don't matter. it even affects baseball all next on "kudlow." >>> dominos have a problem with obama care. they claim it forces them to post signs with nutritional information on every product. domino's says it's done the math. there are 34 million possible combinations costing thousands of dollars at each location which of co
FOX News
Nov 28, 2012 9:00pm PST
ceiling. we saw the stock markets crash. let me tell you if we go off this fiscal cliff -- and i put the blame squarely on the president. he's been awol on this issue for the last three years. now he's coming in and waving a flag, trying to take the glory, put the burden on republicans. republicans have been willing to negotiate. if he doesn't come forward and provide real leadership, we go off the cliff, the economic disaster that we're going to see is going to be squarely on the shoulders of this president. >> sean: i would like to adopt something like the mac penny plan. cut one penny out of every dollar washington spends, and we move to a balanced budget. with baseline budgeting, you have increases every year. can you ever get rid of baseline budgeting? >> if any corporation in america operated the way the country does, they'd be broke in 90 days. it's a disaster. >> sean: but they don't have the ability to print more money. senator, thanks. >> always a pleasure, sean. >> sean: coming up, reaction to my interview with senator chambliss. later an egyptian court sentences seven chr
FOX Business
Nov 30, 2012 4:00pm EST
to wonder what he is trying to do. we've got the real problem out there, we've got the fiscal cliff, yes, that's interesting but what is really concerning is hitting that debt ceiling which will probably happen sometime around february. we all remember what that was like in august of 2011 and this group seems to be even less willing to work together now than they were in august of 2011 which really lock rocked markets all over the world. david: the question how do we keep our money safe and you actually have a couple of suggestions one which we already talked about. china, yes it has sloane down and as a result a lot of its market valuations have come down but perhaps if europe is not doing it right, if we're not doing it right with regard to growth straygy perhaps china will. you have fax, aberdeen asia-pacific fund? >> yes. in a bit of irony things really evolved in the markets where you used to have developed economies were great stable economies with good financials. emerging companies have much better looking balance sheets. fax has a great track record over any three-year period. t
FOX Business
Nov 30, 2012 1:00pm EST
his pitch for the fiscal cliff. when will the rhetoric give way to a real action on our debt crisis. juan williams on when a deal can happen. melissa: how would you like to pay more at the pump? we have the new talk about raising the gas tax. what a great idea. lori: i love paying over four dollars a gallon. washington not the only one that cannot get a deal done. entering day 76. its small business that is really on then ice. melissa: time now for stocks as we do every 15 minutes. lauren simonetti. washington is playing politics over the fiscal cliff. we are near session lows right now. >> 11 points away from session lows. the dow is clinging onto that level right now. consumer discretionary is your best performing sector this month. it is lower today, as is technology. the s&p 500 trying to hang onto a monthly gain. not sure if we can do it. certainly higher for the week and nasdaq higher for the both of them. a two-day chart of yelled is really interesting. they expect fourth-quarter sales in china to decline. lots of analysts cutting this stuff today. melissa: lauren, thank you
CNBC
Dec 4, 2012 9:00am EST
for the fiscal cliff, for the greek debt buyback to go through on thursday. >>> the european markets are closing now. >> so no great direction in the markets today. it is interesting, i think, both angela merkel attended today her party conference, the cdu, the christian democrats, conservatives, she launched her campaign to run germany for a third time. the election is in the third quarter of next year. she actually warned against premature optimism over the crisis saying the worst is not over and we must be cautious going forward. now to a certain extent she would say that, would she not? otherwise we're not out of the woods. keep me in charge. but that was the message that came out of germany today. elsewhere as we kind of wait for things to happen, it's interesting the bond markets continue to rally. we were talking about this yesterday that greece has priced the debt buyback where it has. it will be more generous and next week they're likely to get their money from the rest of the european union. taking some of those concerns back out of the market so, again, today the spanish bond market r
MSNBC
Dec 5, 2012 6:00pm PST
the fiscal cliff. the way republicans in congress and the president solved the debt ceiling crisis was to build this cliff, that we're now supposedly dangling off of. they inve' we're up against. the debt ceiling fight was a disaster, and now republicans, surprise, want to have that fight again. "the new york times" reports that one idea bouncing around the right side of the aisle is this. the republicans will extend tax cuts for the middle class, and then when they need to raise the debt ceiling, quote, demand deep concessions on medicare and social security as a price to raise the debt ceiling. one republican senator reportedly called the debt ceiling the line in the stand. the odds are pretty close to zero that we mint a $1 trillion coin in order to pay off some of the debt. but there's striking movement in the direction of changing the rules so we don't ever have to fight over this completely unnecessary issue ever again. remember, this is important. the debt ceiling isn't about incurring future debt. it's about the money congress has already duly authorized and appropriated an
CNBC
Dec 4, 2012 6:00am EST
're worried about what happens if we go over the fiscal cliff. play out the scenario for how things would go down if we actually do move past january 1 without an agreement. >> if you get lots of economist projections, you'll see the general view is the economy would have negative growth or a couple percentage points, whatever it is. near term recession impact. and that nt would be good to the economy because it's been moving its way out. what's really after people is will we be serious about fixing the long term problems of america's fiscal situation. basically having more revenue and less expenses so we can get the thing more if line. and that's pre-occupying people because they're worried about the longer term issue. if this doesn't move forward with a solution that actually starts to layout the ground work for the long term issues, it could be potentially disappointing. >> ceos say they have to lay out their plans for what they're planning on doing in january and they have to move forward with the plan that has an assumption that we don't get some sort of a solution. do you hear that fro
CNBC
Dec 6, 2012 6:00am EST
the fiscal cliff and caterpillar's ceo joins us from the nyse to talk about the fix the debt campaign and more. you know anything we don't know, doug, that you can tell us about how this finally looks and whether we do it? >> i don't know if i know any more than you do or not, joe, but we've all been working hard to impress upon our leadership in washington how important this is not to go over the cliff. we had good sessions with republican leadership, democratic leaderships and with president obama in the white house. nobody over there wants to go over the cliff at this time, there's nothing that wants to do it. >> once we get over it, we hope it's a bridge to something that will help you and caterpillar compete better in the world. after the cliff, what do you want? is there any emphasis on corporate tax reform that we need or how to bring $2 trillion back to this country? aren't those things, did you talk about any of those or the cliff? >> we talked about all of those, long-term competitiveness for our country, immigration reform that needs to happen, and there's a lot of bipartis
CNN
Nov 30, 2012 10:00pm PST
. >> which is not what the president wants, but there's a big difference between this fiscal cliff and the full faith and credit of the united states. the american government has never defaulted on its debt. and now there are some, not the majority of republicans but some on the extreme of the republican party and they seem to be in control, who seem to want to default on our debt. that's crazy. if they cannot be entrusted with the full faith and credit of the united states, they should not have that leverage. >> paul, where were the overtures though? where were the overtures with this deal that was presented? i mean, listen, you don't have to be mensa to know delivering a deal like that was going to make mitch mcconnell laugh. where were the overtures for the democrats? >> first of all, it is an overture, the deal itself. the proposal. it's not the deal, it's the proposal. the republicans have not come with a counterproposal. why? they seem to be intent on falling on their sword for the 2% of the wealthiest americans, many of whom themselves are happy to pay a slightly higher rate
MSNBC
Dec 5, 2012 8:00pm PST
will not play that game. >> tonight, democratic whip steny hoyer gives me the latest fiscal cliff developments and the democratic line on medicare. tom perriello from the center of american progress action fund on how democrats can deal with republicans who can't deal with reality. rubio and ryan reload with a new message for the middle class. >> both parties tend to divide americans into our voters and their voters. >> but there is no escaping their own policies. >> we're going to a majority of takers versus makers in america. >> dnc chair debbie wasserman schultz responds tonight. plus, senator barbara boxer on her new plan for national polling place standards. and a new poll shows half of all republicans think the defunct group a.c.o.r.n. stole the election from president obama. >> that's an eye opener. >> i wonder where they ever got that idea? >> you just have to wait and see what happens. >>> good to have you with us tonight, folks. thanks for watching. here is are the latest. republicans are at a stalemate with the white house for debt negotiations. republicans really only have two opti
FOX Business
Dec 3, 2012 4:00pm EST
dividends as early chris presents in advance of the tax hikes coming in the fiscal cliff. so we have booz allen already downgrade. costco downgraded by fitch. brown foreman was slapped around by s&p with a downgrade. carnival got hit with a credit negative rating from moody's so on and on and on. here's the deal. we're seeing 173 companies issuing dividends. this is and indicator taxes could be go up. 2 1/2 times the rate we saw of companies issuing special dividends in 2010 when bush rates were threatened to be revoked back then including dividends. interesting part of the story executives who championed fair share, americans should sacrifice like the cofounder of costco, jim senegal is getting a special dividend and saving $4 million in taxes along with the rest of the board. the board overall is saving eight million bucks on early $29 million payout. the 1%, corporate insiders who see the cash on the balance sheet, see the tax hikes coming are saying you know what? give me the special dividend now so we don't have to pay increased tax. >> costco hitting a all-time, 52-week high today.
FOX News
Dec 2, 2012 3:00am PST
is the federal government spending under control. we continue to get closer to this incredible fiscal cliff and i think that the president should take a case study analysis and look at what president coolidge did and jfk, john f. kennedy when they went in and lowered tax rates and increased revenues, which is exactly what we're talking about. >> so either you've got a president who is tremendously overconfident after being reelected or someone who asks for the sty in the first offer knowing that he will look like the compromising once he gives in on the demands and gets himself involved in negotiations. >> both sides are waiting to see who is going to offer up the plan first, we're waiting on the white house. >> it's the president's job, isn't it? congress controls the purse strings and the white house is waiting for-- we're waiting for something from congress on their side and go back and forth, who puts up the offer first and it's the first salvo, so, michigan mcconnell laughs at it and timothy geithner hands it to them. this isn't real. >> i didn't know that first was the first offer. we have
CNBC
Dec 3, 2012 4:00pm EST
on the goals of averting the fiscal cliff. is anyone talking about what we are trying to accomplish here? it seems that the ultimate result needs to be reining in the debt of this country. america owes more than $16 trillion to debtors like china and that number is growing by billions a day. we are spending $1 trillion a more than we take in every year. you can do the math on that and see if we didn't curb that trend. a day of reckoning will come. nearly 100% of the fight in washington has been about taxes and if we should be raising rates or getting revenue by limiting deductions for that same group. the president has dug in his heels on this issue. treasury secretary timothy geithner making it clear this weekend there will be no deal if rates do not go higher. i don't understand this insistence. if you want to get $100 from me do you care where i get it from? no. you just want your money and the white house is ready and willing to let america go over the cliff over the way the so-called wealthy pay more. something does not make sense here to me. something else makes less sense, namely
MSNBC
Dec 5, 2012 6:00am PST
's something that won't happen. short term spending cuts should be part of any fiscal cliff deal. the big news this morning is we're not going over the cliff. they have a bad hand. they're going to end up passing this middle class tax thing if that's the only thing they do. and live to fight another day. you can see the momentum building. not official but you see it. the difficulty for boehner still is passing the extension may be best of the options it is an option that a chunk of his party has said he would reject. the fiscal conservatives criticizing boehner's budget pr proposal. then you had senate republicans watching their backs, rejecting a u.n. treaty that bans discrimination against those with disabilities around the world. senator jim demint said speaker boehner's $800 billion tax hike will destroy american jobs. yes, he said speaker boehner. one party proposes increase in an effort to counter them. the other party's leadership proposes, wait for it, $800 billion in tax increases and then former alaska governor sarah palin blasting boehner's decision to remove some conservatives from
CNN
Dec 5, 2012 1:00pm PST
. >> the white house thinks of the fiscal cliff as a three-part problem. part one taxes. in the new year, taxes go up on everyone unless washington takes action. the government needs more money. president obama wants to get some of it from the top 2% of wage earners. he wants to raise their tax rate and limit how much they can deduct. the white house says this will bring in $1.6 trillion over ten years. >> that's what the american people have voted for. >> republicans say they'll agree to bring in more money, but not by raising tax rates. in fact, they want to lower tax rates for everyone. instead they'd raise money only by limits deductions and closing loopholes. speaker boehner says this will raise $800 billion over ten years. >> america faces a serious problem. our goal is to make sure it gets solved. >> step two, avoiding the drastic spending cuts that begin on january 1st, the so-called sequester. both sides want to find savings in medicare, but disagree about how to do it. >> we need a responsible white house. we can't sit here and negotiate with ourselves. >> and step three? the debt lim
Search Results 0 to 24 of about 25 (some duplicates have been removed)